Reference no: EM132507779
Cows Creamery Company makes two products from a common input. Joint processing costs up to the split-off point total $42,000 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below:
.................................................Gooey Mooey............Wowie Cowie...........Total
Allocated joint processing costs........$22,000....................$19,600......................$41,600
Sales value at split-off joint................$32,000....................$28,000......................$60,000
Costs of further processing................$11,600....................$25,300......................$36,900
Sales value after further processing...$40,800..................$54,200........................$95,000
Please explain how to solve these questions
Question 1) What is the net monetary advantage (disadvantage) of processing Gooey Mooey beyond the split-off point?
Question 2) What is the net monetary advantage (advantage) of processing Wowie Cowie beyond the split-of point?
Question 3) What is the minimum amount the company should accept for Gooey Mooey if it is to be sold at the split-off point?
Question 4) What is the minimum amount the company should accept Wowie Cowie if it is to be sold at the split-off point?
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